Earnings ·
Himalaya Shipping Ltd. reported preliminary unaudited results for the second quarter of 2026, posting net income of…
HSHPHimalaya Shipping Ltd.
Himalaya Shipping Ltd. reported preliminary unaudited results for the second quarter of 2026, posting net income of $24.6 million and EBITDA of $44.0 million. Total operating revenues reached $53.7 million, driven by average time-charter equivalent earnings of approximately $50,600 per day, significantly outperforming the Baltic 5TC 180 Capesize Index average of $36,303 per day. The company declared monthly cash distributions of $0.15, $0.22, and $0.22 per share for April, May, and June respectively, totaling $0.59 per share for the quarter. Subsequent to the quarter end, the board approved a July 2026 distribution of $0.22 per share with a record date of August 21, 2026. Himalaya Shipping Ltd. operates in the dry bulk shipping industry, owning and operating Newcastlemax vessels.